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Global Climate Change Digest
A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999

FROM VOLUME 8, NUMBER 5, MAY 1995

PROFESSIONAL PUBLICATIONS...
MITIGATION POLICY

Item #d95may33

"Twelve Common Myths of Allowance Trading: Improving the Level of Discussion," K. Rose (Elec. & Gas. Res. Div., Natl. Regulatory Res. Inst.), The Electricity J., 8(4), 64-69, May 1995.

An economist discusses misconceptions he has encountered concerning the U.S. Clean Air Act Amendments of 1990, which established trading of SO2 emission allowances for acid rain control. Some may have relevance to similar schemes proposed for CO₂ control. One misconception is that CO₂ controls would make the price of SO2 emission allowances drop to zero, but this would only occur in the very unlikely case that the use of coal was banned outright.

Item #d95may34

"Atmospheric Carbon Sequestration Through Agroforestry in China," X. Wang (Res. Ctr. for Eco-Environ. Sci., POB 2871, Beijing 100085, China), Energy, 20(2), 117-121, Feb. 1995.

During a study on biomass and productivity of agroforestry in the North China Plain, found that agroforestry has a greater potential for storing and absorbing carbon from the atmosphere than does land cultivation.

Item #d95may35

Special issue: "Methods for the Economic Evaluation of Greenhouse Gas Mitigation Options," Energy Policy, J. Sathaye (Intl. Energy Studies, Lawrence Berkeley Lab., Berkeley CA 94720), J. Christensen, Eds., 22(11), Nov. 1994.

"Cost of Stabilizing Greenhouse Gas Emissions. Focus on Developing Countries," J. Sathaye (address above), J. Christensen, 891-893.

"Energy Use and Carbon Implications in India: Focus on Industry," N. Mongia (Dept. Economics, Miranda House, Univ. Delhi, India), J. Sathaye, P. Mongia, 894-906.

"A Macro-Assessment of Technology Options for CO₂ Mitigation in China's Energy System," Z. Wu (Inst. Nuclear Energy Technol., Tsinghua Univ.), J. He et al., 907-913.

"Alternative Energy Strategies for Abatement of Carbon Emissions in Brazil: A Cost-Benefit Analysis," E.L. La Rovere (Energy Planning Prog., COPPE/UFRJ, Federal Univ., Centro de Tecnologia, Bloco C, sala 211, C P 68565, Rio de Janeiro, RJ 21945-970, Brazil), L.F.L. Legey, J.D.G. Miguez, 914-924.

"Comparable Assessment of National GHG Abatement Costs," K. Halsnæs (UNEP Collaborating Ctr. on Energy & Environ., Risø Natl. Lab., DK 4000 Roskilde, Denmark), G.A. Mackenzie et al., 925-934.

"Costs of CO₂ Abatement in Egypt Using both Bottom-up and Top-down Approaches," U. El Mahgary (Technical Res. Ctr. of Finland (VTT-Energy), Espoo, Finland), A.-F. Ibrahim et al., 935-946.

"Greenhouse Gas Abatement in Senegal: A Case Study of Least-Cost Options," S. Amous (Environ. & Develop. in the Third World (ENDA-TM), Dakar, Senegal), D. Revet, Y. Sokona, 947-954.

"Methodological Lessons and Results from UNEP GHG Abatement Costing Studies: The Case of Zimbabwe," R.S. Maya (Southern Ctr. for Energy & Environ., 31 Frank Johnson Ave., Harare, Zimbabwe), J. Fenhann, 955-963.

"Constructing CO₂ Reduction Cost Curves: The Case of Denmark," P.E. Morthorst (Energy Sys. Group, Risø Natl. Lab., POB 49, DK-4000 Roskilde, Denmark), 964-970.

"Key Challenges Facing Thailand in the Context of Global CO₂ Emission Abatement," G. van Dang (Sch. Environ. (SERD), Asian Inst. Technol., GPO 2754, Bangkok 0501, Thailand), L.B. Minh, S. Yodmani, 971-980.

"Climate Alteration: A Global Issue for the Electric Power Industry in the 21st Century," G.M. Hidy (Electric Power Res. Inst., POB 10412, Palo Alto CA 94303), D.F. Spencer, 1005-1027.

"Sustainability, Value Trade Offs, and Electric Utililty Planning: A Canadian Example," T.L. McDaniels (Sch. Community & Regional Planning, Westwater Res. Ctr., Vancouver, B.C., Can.), 1045-1054.

"UK Renewable Energy Strategy: The Need for Longer-Term Support," D.A. Elliott (Technol. Group, Open Univ., Milton Keynes, MK7 6AA, UK), 1067-1074.

"The Present Situation and Characteristics of China's Energy Consumption," 1075-1077.

Item #d95may36

Two papers from The Energy J., 15(4), Oct. 1994:

"Cost-Effective Climate Policy in a Small Country," C. Hagem (Ctr. for Climate & Energy Res., POB 1129 Blindern, 0317 Oslo, Norway), 119 ff. The cost of reducing CO₂ emissions in Norway through a reduction in fossil fuel consumption is estimated in a 1992 report from the Environmental Tax Committee. This paper compares that result with the estimated cost of reducing fossil fuel production, finding that it could be less costly to reduce production than consumption.

"Incomplete International Climate Agreements: Optimal Carbon Taxes, Market Failures and Welfare Effects," R. Golombek (Foundation for Res. in Econ. & Business Admin. (SNF), Gaustadalleen 21, N-0371 Oslo, Norway), 141 ff. Uses a numerical energy model to study optimal carbon taxes and welfare effects for a group of countries participating in an international agreement to limit CO₂ emissions. Scenarios differ with respect to the types of CO₂ taxes, and which countries participate in the agreement. Also discusses impacts on regional net income.

Item #d95may37

"Industrial Energy Efficiency and Global Warming," A.J. Streb (U.S. Dept. Energy), 6(2), 234-247, June 1994.

Describes the role of industry as a source of greenhouse gases, the potential effect of these gases on global warming, and the growth rate of industrial emissions and atmospheric CO₂ concentrations under alternative energy efficiency scenarios. Outlines related initiatives of the U.S. Climate Action Plan.

Item #d95may38

Special issue: "Global Warming," A. Rose, Ed. (Dept. Mineral Econ., 221 E.A. Walker Bldg., Pennsylvania State Univ., Univ. Pk. PA 16802), Resour. & Energy Econ., 15(1), Mar. 1993.

"Guest Editor's Introduction. . ," A. Rose (address above), 1-5. Contributors of these papers, resulting from a session on long-range externalities at the 1992 AAAS meeting, include researchers from academia, private research institutions, consulting firms and government agencies. The papers emphasize the important themes of the journal: theoretical and conceptual breakthroughs, advances in operational models, and important policy insights.

"Reducing US Carbon Emissions: An Economic General Equilibrium Assessment," D.W. Jorgenson (Dept. Econ., Harvard Univ., Cambridge MA 02138), P.J. Wilcoxen, 7-25.

"Rolling the 'DICE': An Optimal Transition Path for Controlling Greenhouse Gases," W.D. Nordhaus (Cowles Foundation, Yale Univ., Box 1972, New Haven CT 06520), 27-50.

"Intertemporal Properties of an International Carbon Tax," M. Hoel (Dept. Econ., Univ. Oslo, POB 1095 Blindern, N-0317 Oslo, Norway), 51-70.

"Global Warming Uncertainties and the Value of Information: An Analysis Using CETA," S.C. Peck (Electric Power Res. Inst., POB 10412, Palo Alto CA 94303), T.J. Teisberg, 71-97.

"Some Estimates of the Insurance Value Against Climate Change from Reducing Greenhouse Gas Emissions," I.W.H. Parry (Dept. Econ., Univ. Pittsburgh, Pittsburgh PA 15260), 99-115.

"The Efficiency and Equity of Marketable Permits for CO₂ Emissions," A. Rose (Dept. Mineral Econ., 221 E.A. Walker Bldg., Pennsylvania State Univ., Univ. Pk. PA 16802), B. Stevens, 117-146.